Tuesday, September 4, 2007

Great rental investment

Contrary to appearances, this is not an abandoned property. This is a two-unit rental property and both units have tenants - each paying $850 per month. I'm impressed! Still, the price is a little high - $330,000. The combined rents would not quite cover the financing costs and local taxes. A potential investor would still be better off keeping their money down at the local bank.

The property is in Lake Worth, Florida. The MLS number is 2562315. Thanks Michael for this one. Anything similar out there?